14 Aug 2018 12:48:00
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2018
Management Discussion and Analysis Company name : CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED Year : 2018 Quarter : Quarter 2 Ending : 30-Jun-2018 Note : CTW030/2018 August 14, 2018 Subject : Management Discussion and Analysis for the second quarter of 2018 To : President The Stock Exchange of Thailand Charoong Thai Wire and Cable Plc.(CTW) would like to clarify the Company and its subsidiaries' operating results based on the consolidated financial statements for the second quarter of 2018, three-month period, ended 30 June 2018 as follows: (Unit : Million Baht) Operating Results The second quarter (three-month period) 2018 2017 Change Million Baht % Total revenues 1,917.77 1,712.63 205.14 11.98 Profit attributable to equity holders of CTW 108.58 31.94 76.64 239.98 Earnings per share (Baht/Share) 0.27 0.08 Profit Profit attributable to equity holders of CTW of THB 108.58 million increased by THB 76.64 million or 239.98% from profit of THB 31.94 million in the same period of 2017, caused by the following main reasons: Revenue from Sales Revenue from sales of THB 1,913.66 million increased by THB 230.50 million or 13.69% when compared with THB 1,683.16 million in the same period of the previous year. In the second quarter of 2018, the Company and its subsidiaries had revenue from Enameled and non-enameled wire of THB 1,114.14 Million, followed by Power cable of THB 767.91 Million, Fiber optic cable of THB 14.88 Million and Communication cable of THB 11.55 Million, respectively. Other Income Other Income of THB 4.11 million decreased by THB 25.35 million or 86.04% when compare with the same period of the previous year. In the second quarter of 2018, revenue from interest income decreased by THB 15.76 million and there was loss on exchange rate of THB 7.19 million, while there was gain on exchange rate of THB 9.87 million in the second quarter of 2017. Expenses Total expenses of THB 1,772.86 million increased by THB 105.81 million or 6.35% from THB 1,667.05 million in the second quarter of the previous year, details were summarized as follows. 1. Cost of Sales Total cost of sales in the second quarter of 2018 of THB 1,698.17 million increased by THB 104.20 million or 6.54% when compared with THB 1,593.96 million in the same period of the previous year. In the second quarter of 2018, the gross profit was THB 215.49 million, increasing by THB 126.30 million or 141.59% from THB 89.20 million in the same period of the previous year. The gross profit margin was 11.26% which increased from 5.30% in the same period of 2017. 2. Selling Expenses In the second quarter of 2018, the Company and its subsidiaries had the selling expenses of THB 23.83 million, which was close to THB 23.73 million in the same period of the previous year. 3. Administrative Expenses Administrative expenses of THB 50.87 million increased by THB 1.52 million or 3.07% from THB 49.35 million in the same period of the previous year. In the second quarter of 2018, the Company had written off bad debts of THB 1.70 million. 4. Finance Cost Finance cost of THB 9.36 million increased by THB 2.01 million or 27.34% from THB 7.35 million in the same period of the previous year which were mainly the interest expenses of trust receipts. Please be informed accordingly. Sincerely yours, (Mr. Sun Tao-Heng) Managing Director This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.